US Oil Sands Inc. completes C$81 million private placement

Date Closed: 10/17/2013

Value: C$81 million

BLG acted as counsel to US Oil Sands Inc. in connection with an $81 million private placement of common shares to strategic investors Blue Pacific Investments Group Ltd., Anchorage Capital Group, L.L.C. and Spitfire Ventures, LLC and to certain other investors. The private placement was completed in October 2013. US Oil Sands is a TSX Venture Exchange listed company that is engaged in the exploration and development of oil sands properties in the State of Utah.

The BLG team consisted of Lloyd McLellan and Nav Dhaliwal.